5 things to know before the stock market opens Friday, April 8

Here are the most important news, trends and analysis that investors need to start their trading day:

Wall Street was set for a mixed open Friday. U.S. stock futures lost steam as the 10-year Treasury yield pushed to a three-year high after the Federal Reserve signaled earlier in the week that more aggressive measures are needed to fight inflation. Tech stocks took the brunt of the accompanying rise in Treasury yields, sending the Nasdaq down more than 2.5% through Thursday’s close, on pace to break a three-week winning streak. The S&P 500 was also tracking for its first weekly loss in four weeks, down 1% from Monday to Thursday. The Dow Jones Industrial Average dropped nearly 0.7% for the week so far, which would be its second straight weekly loss. Next week, the banks kick off the latest quarterly earnings season.